Question
At the beginning of the year, Judge Manufacturing had the following account balances: WorkinProcess Inventory 20,000 Finished Goods Inventory 8,000 Manufacturing Overhead 0 Cost of
At the beginning of the year, Judge Manufacturing had the following account balances:
WorkinProcess Inventory | |
20,000 |
Finished Goods Inventory | |
8,000 |
Manufacturing Overhead | |
0 |
Cost of Goods Sold | |
0 |
Sales Revenue | |
0 |
The following additional details are provided for the year:
Direct materials placed in production | $82,700 |
Direct labor incurred | 190,400 |
Manufacturing overhead incurred | 301,000 |
Manufacturing overhead allocated to production | 295,100 |
Cost of jobs completed and transferred | 500,500 |
The ending balance in the Finished Goods Inventory account is a ________.
A.
debit of $568,200
B.
debit of $8,000
C.
debit of $508,500
D.
debit of $ 500,500
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